Relations de crédit de long terme et structure des marchés bancaires locaux
Abstract[eng] Long-term credit relationships and the structure of local banking markets. . This paper provides a spatial competition model of the banking sector, in which banks and firms can endure long-term relationships. We show that the fraction of borrowers with long-term contracts depends negatively on the number of banks. Considering sunk costs, we then show that the existence of long-term contracts leads to a decrease in the equilibrium number of banks. [fre] Cet article prÃ©sente un modÃ¨le de concurrence spatiale du secteur bancaire, dans lequel les banques et les entreprises peuvent engager des relations de crÃ©Âdit de long terme. On montre que la proportion des emprunteurs ayant recours Ã des contrats de long terme dÃ©pend nÃ©gativement du nombre de banques. En considÃ©rant l'existence de coÃ»ts fixes non rÃ©cupÃ©rables, on montre ensuite que la prÃ©sence de contrats de long terme dans l'Ã©conomie implique un accroissement de la concentration du marchÃ© bancaire.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): n° 47 (1996)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-economique.htm
Other versions of this item:
- Nicolas Eber, 1996. "Relations de crédit de long terme et structure des marchés bancaires locaux," Revue Économique, Programme National Persée, vol. 47(3), pages 755-764.
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- Degryse, H.A. & Ongena, S., 2002.
"Bank-firm relationships and international banking markets,"
Open Access publications from Tilburg University
urn:nbn:nl:ui:12-92220, Tilburg University.
- Hans Degryse & Steven Ongena, 2002. "Bank-Firm Relationships and International Banking Markets," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 9(3), pages 401-417.
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